About 440 N 14th Ave
Welcome to 440 N 14th Ave, a rare infill opportunity in the heart of rapidly growing Cornelius. This 14,810 sq ft (0.34-acre) lot is zoned Core Residential (CR), allowing for a wide range of housing types including townhomes, duplexes, and multifamily options. A preliminary pro forma outlines a potential 8-unit townhome development with each unit projected to sell at $435,000, offering a total revenue potential of $3.48 million and a projected 15% profit margin or $522,000. The property currently features a 2-bedroom, 1-bath, 1,435 sq ft home that could generate rental income during the permitting phase. With utility as-builts available and city water and sewer at the site, this parcel is ready for transformation. Located just minutes from schools, parks, and the Cornelius town center, and in a community seeing strong household income growth and increased housing demand, this site is ideal for developers or investors seeking a turnkey build opportunity in a thriving market.
Features of 440 N 14th Ave
| MLS® # | 126704531 |
|---|---|
| Price | $450,000 |
| Bathrooms | 0.00 |
| Acres | 0.34 |
| Type | Land |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 440 N 14th Ave |
|---|---|
| Area | 152 - Hillsboro, Forest Grove |
| City | Cornelius |
| County | Washington |
| State | OR |
| Zip Code | 97113 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Phone Available, Phone Connected, Public Sewer, Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot |
|---|
School Information
| Elementary | Cornelius |
|---|---|
| Middle | Tom McCall |
| High | Forest Grove |
Additional Information
| Date Listed | May 16th, 2025 |
|---|---|
| Days on Market | 172 |
| Zoning | CR |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Sunline Realty Group |
|---|